Parallel Advisors LLC increased its holdings in shares of Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) by 44.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,440 shares of the financial services provider’s stock after buying an additional 753 shares during the quarter. Parallel Advisors LLC’s holdings in Brookfield Property Partners were worth $50,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Mcdonald Capital Investors Inc. CA raised its position in shares of Brookfield Property Partners by 5.7% in the first quarter. Mcdonald Capital Investors Inc. CA now owns 24,300 shares of the financial services provider’s stock valued at $500,000 after buying an additional 1,300 shares in the last quarter. DT Investment Partners LLC raised its position in shares of Brookfield Property Partners by 3.5% in the first quarter. DT Investment Partners LLC now owns 146,479 shares of the financial services provider’s stock valued at $3,013,000 after buying an additional 4,931 shares in the last quarter. Whittier Trust Co. raised its position in shares of Brookfield Property Partners by 858.8% in the first quarter. Whittier Trust Co. now owns 1,534 shares of the financial services provider’s stock valued at $32,000 after buying an additional 1,374 shares in the last quarter. Integrated Investment Consultants LLC raised its position in shares of Brookfield Property Partners by 382.0% in the first quarter. Integrated Investment Consultants LLC now owns 105,072 shares of the financial services provider’s stock valued at $2,161,000 after buying an additional 83,272 shares in the last quarter. Finally, NewSquare Capital LLC raised its position in shares of Brookfield Property Partners by 1.2% in the first quarter. NewSquare Capital LLC now owns 61,664 shares of the financial services provider’s stock valued at $1,268,000 after buying an additional 713 shares in the last quarter. 60.80% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ BPY opened at $19.94 on Thursday. The firm has a market cap of $8.45 billion, a price-to-earnings ratio of 10.23 and a beta of 0.96. Brookfield Property Partners LP has a fifty-two week low of $14.96 and a fifty-two week high of $21.22. The company has a current ratio of 0.42, a quick ratio of 0.54 and a debt-to-equity ratio of 1.07.

Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) last posted its earnings results on Monday, May 6th. The financial services provider reported $0.32 earnings per share for the quarter. The firm had revenue of $1.50 billion for the quarter. Brookfield Property Partners had a net margin of 30.52% and a return on equity of 4.10%.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be paid a $0.33 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.32 annualized dividend and a dividend yield of 6.62%.

A number of equities research analysts have recently weighed in on BPY shares. Royal Bank of Canada downgraded shares of Brookfield Property Partners from a “top pick” rating to an “outperform” rating and set a $24.00 price target for the company. in a research report on Tuesday, May 7th. BidaskClub raised shares of Brookfield Property Partners from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 12th. Finally, TheStreet raised shares of Brookfield Property Partners from a “d+” rating to a “c-” rating in a research note on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Brookfield Property Partners has an average rating of “Buy” and an average price target of $24.00.

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About Brookfield Property Partners

Brookfield Property Partners, through Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc, is one of the world's premier commercial real estate companies, with approximately $87 billion in total assets. We are leading owners, operators and investors in commercial real estate, with a diversified portfolio of premier office and retail assets, as well as interests in multifamily, triple net lease, industrial, hospitality, self-storage, student housing and manufactured housing assets.

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Institutional Ownership by Quarter for Brookfield Property Partners (NASDAQ:BPY)

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